Shares of Richmont Mines (AMEX:RIC) traded at a new 52-week high today of $5.48. Approximately 74,000 shares have traded hands today vs. average 30-day volume of 51,000 shares.
Richmont Mines is currently trading at $5.44, approximately 22.2% above its 50-day moving average of $4.45. SmarTrend will be monitoring shares of RIC to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Richmont Mines and our subscribers were alerted to Buy on September 08, 2010 at $4.85. The stock has risen 12.2% since the alert was issued